Saudi Electricity Company Commences Issuance of its US-Denominated International Green Sukuk

In a Tadawul filing on the 10th of September 2020, Saudi Electricity Company (SEC) announced its issuance of US-denominated fixed-rate RegS, Senior Unsecured International Green Sukuk.

The Sukuk, which have maturity periods of five and ten years, are aimed at institutional investors, with a minimum subscription limit of USD 200,000, its value based on market conditions.

HSBC and MUFG have been appointed as green structuring advisors for the issuance, whilst First Abu Dhabi Bank, JP Morgan and Standard Chartered Bank are joint lead managers. According to the statement, the issuance will be listed on Euronext Dublin, the Irish Stock Exchange.

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